21 Analysts Assess Workday: What You Need To Know
Portfolio Pulse from Benzinga Insights
21 analysts have recently shared their evaluations of Workday (NASDAQ:WDAY), showing a mix of bullish to bearish sentiments. The average 12-month price target for WDAY has been raised to $289.14, up from $258.61, indicating a positive outlook. Analysts have adjusted their ratings and price targets, reflecting dynamic market conditions and Workday's performance. Workday, a cloud-only software provider, has shown a revenue growth rate of 16.67% as of October 31, 2023, but faces challenges with below-average net margin, ROE, and ROA.
February 13, 2024 | 3:00 pm
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Workday's average 12-month price target has been raised to $289.14, indicating a positive sentiment among analysts. Despite this, challenges in profitability and asset efficiency persist.
The increase in the average 12-month price target for Workday reflects a positive sentiment among analysts, which could lead to short-term price appreciation. However, the underlying challenges in profitability and asset efficiency could temper long-term gains, making it crucial for investors to monitor these aspects closely.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100